Collectivism and Connected Lending
Siwapong Dheera-aumpon ()
PIER Discussion Papers from Puey Ungphakorn Institute for Economic Research
National culture may affect the prevalence of connected lending. This study aimed to assess the effects of national culture, especially collectivism, on the need for special connections with banks, which is a measure of connected lending. The researcher obtained national culture data from both Hofstede's work and the GLOBE project. Using data covering more than 5000 firms in 51 countries, this study found that GLOBE Institutional Collectivism decreases the need for special connections, while Hofstede Collectivism and GLOBE In-Group Collectivism do not. This suggests that the need for special connections with banks is different from the corruption of bank officials.
Keywords: National Culture; Banking and Finance; Institutional Environment; Collectivism; Firm Financing (search for similar items in EconPapers)
JEL-codes: G21 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2017-04, Revised 2017-04
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Published in PIER Discussion Paper Series
Downloads: (external link)
https://www.pier.or.th/wp-content/uploads/2017/04/pier_dp_057.pdf Published version, 2017 (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pui:dpaper:57
Access Statistics for this paper
More papers in PIER Discussion Papers from Puey Ungphakorn Institute for Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by PIER ().